Posted Position Title : Bank Loss Prevention Associate

Job Number	1821271
Business	GE Capital
Business Segment	Capital - Retail Finance
About Us	The United States has regulations that govern the hiring of current or former U.S. Government employees. If you currently work for (or have in the past) the U.S. Government (in any capacity), you may have certain responsibilities under these regulations and certain restrictions may apply to your potential employment with GE. Therefore, if GE regarding a position of employment contacts you, and you have worked for the U.S. Government at any time, please immediately inform the GE representative of this fact. For U.S. employment opportunities, GE hires U.S. citizens, permanent residents, asylees, refugees, and temporary residents. Temporary residence does not include those with non-immigrant work authorization (F, J, H or L visas), such as students in practical training status. Exceptions to these requirements will be determined based on shortage of qualified candidates with a particular skill. GE will require proof of work authorization. Any offer of employment is conditioned upon the successful completion of a background investigation and drug screen.
Career Level	Experienced
Function	Risk Management
Function Segment	Fraud
Location(s) Where Opening Is Available	United States
U.S. State, China or Canada Provinces	New Jersey
City	Bridgewater
Postal Code	08807-2861
Relocation Expenses	No
Role Summary/Purpose	GE is an equal opportunity employer, offering a great work environment, challenging career opportunities, professional training and competitive compensation. Incumbent works with Loss Prevention Manager to identify, document and report on issues related to three major areas; Fraud, AML/ BSA compliance, and General Compliance and Legal Processing.
Essential Responsibilities	Responsible for crucial tasks of preventing fraud losses, performing daily reviews of reports pertaining to loss prevention such as ATM withdrawals and ACH transfers, significant balance changes and large transactions Review results from various systems and processes (i.e. authentication system, NSF and deposit return exception processing) using bank established guidelines and decisioning and documenting the results Responsible for Fraud File creation including obtaining documentation, organizing files, tracking payments and communicating results to management and audit Input Suspect and Loss information into the ICMS system and run reports as required Interface regularly with Bank management, Audit, Security, other institutions, customers as required during the course of account reviews Perform ongoing reviews with an awareness of AML and Red Flags. Review and document results for presentation to Compliance committee and refer any suspects for SAR creation and SAR committee. Perform functions related to operational compliance and legal processes such as Regs D and E, PEP screen, OFAC, FINCEN and Levy and Decedent processing
Qualifications/Requirements	High School diploma or equivalent and a minimum of 3+ years’ experience in risk analytics and/or fraud Minimum of 1 year of experience with bank processing systems (Fidelity, E-Funds, ICMS and others) and bank products & services Minimum of 1 year of experience with related regulations including Reg CC and UCC, Patriot Act and NACHA Work with MS Office including Outlook, Word, PowerPoint and Excel ELIGIBILITY REQUIREMENTS: -All applications for employment must be submitted through either www.gecareers.com or the Career Opportunity System (COS) to be considered -You must be 18 years or older -You must have a high school diploma or equivalent -You must be willing to take a drug test, submit to a background investigation and submit fingerprints as part of the selection process. Any offer of employment is conditioned upon the successful completion of a background investigation and drug screen.” -If currently a GE employee, you must have been in your current position for at least 6 months (AP) or 24 months (PB or greater), have at least a "consistently meets expectations" performance rating and have the approval of your manager to post (or the approval of your manager and HR to apply if you don't meet the time-in-job or performance requirement)
Additional Eligibility Qualifications	GE will only employ those who are legally authorized to work in the United States for this opening. Any offer of employment is conditioned upon the successful completion of a background investigation and drug screen.
Desired Characteristics	Associate’s or Bachelor’s degree in business or related field Experience using data mining tools (SAS, SPSS, SQL, etc..) Detail-oriented; able to review & understand account, and file documentation, correspondence, etc Demonstrated knowledge of fraud sources, collection and resolution clues known to identify fraud situations Ability to perform operational as well as organizational tasks related to Loss Prevention, and Compliance/Legal related tasks Previous related work experience in a bank or other financial services company Basic knowledge of accounting
Section 19 Job	YOU MUST BE ABLE TO SATISFY THE REQUIREMENTS OF SECTION 19 OF THE FEDERAL DEPOSIT INSURANCE ACT.